Home Insurance Law Does the Rule of Prejudice Apply To a Late Proof of Loss?

Does the Rule of Prejudice Apply To a Late Proof of Loss?

Does the Rule of Prejudice Apply To a Late Proof of Loss?


Insurance coverage public adjuster and commentator Invoice Prepare dinner requested the next query:

“Are you able to touch upon how the rule of prejudice for late submitting doesn’t apply to a late Proof of Loss?”

Invoice, right here is my easy reply:

Every time a policyholder information a proof of loss after a date required within the coverage, the rule of prejudice all the time applies. In just a few jurisdictions, the quantity of prejudice is zero as a result of in case you are late, you’ve gotten forfeited your rights to restoration. You need to know the state rule and apply it to the coverage language to find out if a late-filed proof will bar restoration. File proofs well timed or get written extensions so that you should not have to name me about this challenge.

Please learn the submit, The Doom and Gloom Assumes a Costume of Plume—The Insurance coverage Business Must Cease Being So Detrimental and Watch Out for Its Clients.

Then, learn yesterday’s submit, The Discover Prejudice Rule Is By Far the Accepted Rule of Legislation Somewhat Than the Forfeiture of Coverage Advantages Rule.

When you have additional questions on late filed proofs of loss, please learn “How A lot Time Does a Policyholder Need to File the Proof of Loss?” Then, you should utilize the search operate of this weblog and get 37 posts on the subject of “late filed proofs of loss.”

If that’s not sufficient, you possibly can name me, Chip Merlin, at my cell quantity (813) 695-8733. If I don’t decide up, depart a message and easily textual content me your query. I’ll reply. I need to know what you don’t perceive about late filed proofs of loss.

I really like to listen to from commentators and other people with concepts. That is how we study.

Questions and honest debate are welcomed.


Thought For The Day 

The one factor standing between you and your objective is the bullshit story you retain telling your self as to why you possibly can’t obtain it.

—Jordan Belfort



Please enter your comment!
Please enter your name here